Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-10-30


KHlEaUExRHEA n1No.
There b no Iaok e evidence that The
policy Of HenEg Willard has become
ihas * tha Nofthasn Pacific and that
he ring heafod 81 O. B. WriGht has
hsen afisrl9 Foutad. The Nee York Sus
10 liz 6nancial ersieis o. October 2lst
nys:
"A movsmsnt ~ qniis a. mush, II not
moss importancs tkan that IN the 0onld
slceks W. the advance n the Northern
Paste and the Oregon stocks and IN
Union paeiIin. tbs hasis q This move
went waa The federalism Of the three
insefeste. wAieh wxs pEaetically consnm
aisd today BY ahe n9lion Of the Nerah-
e1n RAslne IN undaEtaktnz with lhe I'M
ion Paoias joins Ieass Of ths Oregon
Rsilway and Navigation property. By
this sep and others that viii Of neces
siiy follow Il the Northern Pacific Com
pan9 has a last place1 itsslf h haFmo-
Nous relations with 10 natuRal allies -
well - with is neaEoss eompetiteEs.
The Teault ~ one fuE which the largest
aicrkhnldet IN ehe dofthern Pacific
Company, namely tlse Oregon and
TsAnsoontinents C0Enpany, h8s con
tended fer all along. Il vas the issns
in ths lass NoFthefn Racfhe eleetson,
sad, although the Oregon and Trans
continental interest," failed 10 elect .
mai JRity Of the Beard. the policy
which Il advocated has been adopted.
Az matter OF fact, this policy vas die
lated Us necessity. The efforts Of the
Phiiadelphia interests in thfs company
10 iznore geographical facts In order 10
advance personal schemes hevs re-
duoad ~ compa1y % Q plight that
compelled Z ehanns Of policy. fhat in
tsrest Insisted upon The beildinG Of the
Cascade braneh at an enuEmous cost,
which now calls for the placing Of Q
third mortgage. or some lien aubordi-
nate % Q second mortgage, upon the
property. In the face Of o maturing
loan, as veil ss the necessity for capt.
iallsiuR The ooai Of the Cascade branch,
1he interest referred 10 has impaired the
credit Of the company IN an attempt b
compel the Oregon 4 TrsnsoonainentAl
Company to Liquidate. The aituation
hFouQht about By thia short Eahied and
almost anicidAl policy vas 90 follows:
Toe NoFthern Psaffo Company found
lsaelf OBLIGED to raIso some $1,000
600 or &S,000,000; les securities Of
ell oiassss selling lower in the market
than for . Iona time and pro-
portisuately lower than any 9th
era, while its policy was VIGOROUSLY an
taaonisiio 20 every corporation acj3-
cent 60 IL. Its condition was such that
q had 10 mako appeals for financial a.
sistanee in aquaKtex thai must have been
exceediuRly numiliatlnG 20 ne man
aRemenA ft fsnoo slFpfi1inR that the
moneye1 power eppealsd % hes assisted
npon harmony aud hnsinessliko policy
IL place Of one Of individual preindices
ana personal aQgFandixement.'
The Sss Of the same daae ssys IN an
article concerning the upward move
ment o. stocks:
sNsxl 20 The 0oald stocks the North
ern Pasiac and Oregon stocks we're
those that jomped the mast, and for
good reasons thai appeared after the
elosa Of business. The Northern Pc
ciiio Company, apparently With tie
view Of giving one OF its directors Who
controls q Newspaper In Philadelphia q
monopoly Of furnishing the pahlic with
nawa about the Compauy'a Affairs, has
hy formally adopted resolution pro-
hibited any o. is cheers In this city
from furnishing for publication any
faels about the Affairs Of the Company.
The penalty fer doing % ID dismissal.
OonsE Qaeniiy, not even the President Of
The Company vas ahie yesterday even
90 intimate whaA had been done "a one
81 the mnat important meetings ne
Board ever he'd. Yes Lefore tie mesi-
ma had fairly adioaFned Il Was pretty
Generally, thouQh Of course net of1ais II,
known 10 Wall street that the Company
tad been compelled 10 repndiate The
palieT Of the facsiea BEADED BY Director
CharIee B. Wright % PHILADELPHIA ana
aAogt that % the 0fcaon AMI Trans-
eanfirsntal ComrAny ard Of NJ.
Henry Willard. Two years ago the
company o1ld have leased the Oregon
Railway and Navigation Company af 5
pef eanf. npon the stoek fer thres yOars
ant 8 per ce1A thereafter. Is decsded
Yesterday 70 share ioiniiF and segerally
uiih ths union Psoife the lsaae thaa
eomrany made q year aRo 81 8 PER cent.
TeEgikorsal agreements will Be sxseated
inqiaental % The lease. and other ness
asss adQptsd thaa vii Insure ihe bar.
maafana and eooonmieAi oparnlion q
shs thsea oo1paaies. IL eaorta 70
prsxsnt this resait had predaoed q
saFinkaas Ia TIE nAFket vaias os The
securities Of The aoU allied concerns
aRure9nsinQ misliona Of dollars. The
AsMiFMhilily Of q unicn Of The Northern
Paaias and thu OFeRon Railway and
NAviaaiion Companies Was arat Rppne-
eiatsd b. Mr.. HsnFy Willard before he
arzi attained prominenos IN NaFthsrn
Raciss aGAirs, aad eirsumsiAAoes have
nads him tustEameDfnl ID hnAlly &c.
ecmriishing TIE nalaFal allia1es thsl
be undertook 10 bEira aboat years
neo."